Tax Rollovers

Canada Income Tax Act (ITA) and are described in sections 85, 86, 87 and 88. Accordingly, these rollovers are typically referred to as Section 85 Rollovers, Section 86 Rollovers, Section 87 Rollovers and Section 88 Rollovers.

The choice of tax rollover will depend largely on the facts and circumstances surrounding the desire of the persons holding the tax liability and the options available to defer or transfer the tax liability as described in the various rollover provisions of the ITA.

Modern entity management software is designed to simplify the process to reflect, document and file various tax rollovers.